Office Properties Income Trust (NASDAQ:OPI – Get Free Report) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Investors of record on Monday, October 28th will be paid a dividend of 0.01 per share on Thursday, November 14th. This represents a $0.04 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Monday, October 28th.
Office Properties Income Trust has decreased its dividend payment by an average of 16.1% annually over the last three years. Office Properties Income Trust has a payout ratio of -1.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Office Properties Income Trust to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.4%.
Office Properties Income Trust Price Performance
Shares of NASDAQ OPI opened at $2.04 on Friday. The business’s 50 day moving average price is $2.16 and its 200 day moving average price is $2.20. The firm has a market cap of $102.57 million, a P/E ratio of -1.32 and a beta of 1.15. Office Properties Income Trust has a 52 week low of $1.81 and a 52 week high of $7.53. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.74.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Office Properties Income Trust from a “buy” rating to a “hold” rating in a report on Tuesday.
Get Our Latest Analysis on OPI
About Office Properties Income Trust
OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI's revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy StarĀ® Partner of the Year for the sixth consecutive year.
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